Krasnodar, Russia (October 08, 2018): Magnit PJSC (MOEX and LSE: MGNT; Issuer; Company; Group), one of Russia’s leading retailers, announces the cessation of the right of LLC “VTB Infrastructure Investments” to dispose a certain number of votes accounted for voting shares (stakes) in the charter capital of PJSC “Magnit”.

On September 28, 2018 the right of LLC “VTB Infrastructure Investments” to dispose a certain number of votes accounted for voting shares (stakes) in the charter capital of PJSC “Magnit” ceased.

Full company name: Limited liability company “VTB Infrastructure Investments”; Company address: 123112 Russia, Moscow, 12 Presnenskaya Emb.;

Primary State Registration Number: 1127746409801; Individual Taxpayer Number 7703768889.

Type of the right: direct disposal.

Attribute of the right: sole disposal.

The basis of the cessation of the right to dispose: disposal (decrease) of share in the issuer.

Number of shares and % in the charter capital before the basis of the stock power: 25,477,839 shares (25.00000025%).

Number of shares and % in the charter capital after the basis of the stock power: 7,868,427 shares (7.72085%).

PJSC “Magnit” Announces the Cessation of the Right of LLC “VTB Infrastructure Investments” to Dispose a Certain Number of Votes Accounted for Voting Shares (Stakes) in the Charter Capital of PJSC “Magnit”